Fairburn State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 25, 1928
Location: Fonda, Iowa (42.581, -94.846)

Metadata

Model: gpt-5-mini
Short Digest: 597f5769

Response Measures

None

Description

Article reports a representative of the Iowa state banking department (A. A. Lysne) arriving in Fonda to take charge of affairs of the Fairburn State Bank. No mention of a depositor run or reopening; this appears to be a government takeover/suspension that led to closure/receiver action (article is truncated but clearly describes state banking dept taking charge).

Events (1)

1. March 25, 1928 Suspension

Cause: Government Action
Cause Details: Representative of the Iowa State Banking Department (A. A. Lysne) arrived in Fonda to take charge of the Fairburn State Bank; indicates official/state takeover/suspension.
Newspaper Excerpt: Takes Charge of Bank. Fonda, March -Special: A. A. Lysne, representing the state bank. ing department of Iowa, arrived in Fonda is charge of affairs the Fairburn State bank as re-
Source: newspapers

Newspaper Articles (1)

1. March 25, 1928 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, March 25, 1928

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Article Text

WATER SUPPLY IS CAUSE OF SQUABBLE IN YANKTON Yankton, S. D., March 24.-Special: Yankton people are all at sea over their siuation. Some want aerated and filtered artesian water and some want Missouri river water chlorinated treated for purity. The advocates of artesian water have asked the city commission to submit two proposals the at the election asking bonds for each system. Missouri river advocates say the bond issue for their scheme is too high. They brought John Lyle Harrington, member the firm which constructed the Yankton bridge and placed pier. wells to pump river water in the bridge piers, to Yankton ex plain how easily and cheaply pure, to soft river water could be secured. Now the artesian spokesman, W. N. Rapalee, member of the city commission, has announced he will have member of an engineering concern which recently made an exhaustive survey and report on the Yankton water situation, to explain the situation and answer questions. HORSES' KICK OPENS MAN'S SKULL; BRAIN PROTRUDES Hot Springs, S. D., March cial: Kicked by horse at such short range that he received the full force of the blow directly in his forehead, Frank Mitts. Sundance, Wyo., was brought to the Sisters' hospital here with the tissue of his brain protruding from the crushed bones of his head. Sundance is an inland town and was 24 hours before the man could reach the hospital, but he was conscious until the operation was begun. In spite the terrible injury the skull and tissue, it believed that Mitts will recover unless infection sets in. HAMMILL MAN SEEKS TO SERVE IN DAKOTA SENATE Pierre, S.D., March ing the republican nomination for re-election as state Frank T. Fetzner, Hammill, has filed an individual petition from the Twenty-sixth joint legislative district, Secretary of State Gladys Pyle announced today. The district is composed of Bennett, Mellette and Tripp Besides term in the 1927 senate. Senator Fetzner served in the house in 1923 and in 1925. BANK PAYS CERTIFICATES HOLDERS BEFORE MATURITY Irene, D., March 24.-Special Holders of certificates of deposit in the reorganized Citizens' State bank of Irene, which would not have matured until December 15, of this year, already are being paid. The certificates were issued in lieu of deposits in the old bank. Similar certificates which matured De cember 15, 1927, were paid about three months before they were due. Pastor's Daughter Wins Contest. Mitchell, S. D., March 24.-Special: Miss Kathryn Lindley, daughter of Rev. Glen Lindley, won first place in the dramatic division of the district declamation contest, and Miss Zora May Schall, daughter of John Schall, won first in humorous. Miss Lindley Miss Mitchell high school. First place in the oratorical division was won by Farmer. These first the winners to represent the district at the state contest. Grocery Store Is Sold. Hot Springs, S. D., March 24.-Special: The Pay and Take grocery, owned by Frank Hughes, of Rapid City, has been bought by H. L. McArthur, Cambria, who will conduct it. Mr. McArthur formerly was in charge of the commissary at the coal mines near Cambria. W E. Seidel, who has been managing the store for Mr. Hughes, will return to Rapid City. Groton Without Mayor. Groton. S. D, March Groton has been without regular mayor since the death of Mayor Ronan some time ago, so it will be necessary elect a mayor at the annual city April 17. President Adams, of the city council, has been acting mayor since the death of Mayor Ronan. Opens Implement Store. Dallas, D., March Adolph Hoffman, who leased building formerly occupied by farm implement has opened new farm equipment house here Takes Charge of Bank. Fonda, March -Special: A. A. Lysne, representing the state bank. ing department of Iowa, arrived in Fonda is charge of affairs the Fairburn State bank as re- Boy Drowns In Hole. Mason City, Ia., March Falling through hole in the floor an old mill on Willow into 15 feet water, Gerald Olson, was drowned here. Stainless shoes in wide variety London.